SHA:688766 Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	207.52	292.42	-48.27	83.15	291.15
Depreciation & Amortization	28	34.24	25.8	17.65	10.9
Other Amortization	44.17	22.36	15.3	6.48	2.37
Loss (Gain) From Sale of Assets	-3.27	-	0.01	0.39	-
Asset Writedown & Restructuring Costs	0.23	-	-	-	2.24
Loss (Gain) From Sale of Investments	-23.61	-4.66	-10.09	-35.56	0.39
Provision & Write-off of Bad Debts	2.63	3.81	5.23	4.72	3.96
Other Operating Activities	81.33	2.44	106.29	67.07	-
Change in Accounts Receivable	-92.99	-111.74	-48.86	-84.87	-57.95
Change in Inventory	-280.27	-358.86	201.83	-512.74	-83.38
Change in Accounts Payable	111.33	199.8	-229.24	315.35	8.59
Change in Other Net Operating Assets	23.64	14.16	25.57	10.98	4.02
Operating Cash Flow	82.27	106.56	21.83	-130.44	181.79
Operating Cash Flow Growth	-22.79%	388.11%	-	-	-
Capital Expenditures	-124.57	-289.37	-72.96	-60.53	-30.5
Sale of Property, Plant & Equipment	7	0.02	0.01	-	-
Investment in Securities	40.34	93.72	-15.12	-19.19	-50.39
Other Investing Activities	81.4	0.09	0.62	1.13	0.14
Investing Cash Flow	4.17	-195.54	-87.45	-78.59	-80.74
Short-Term Debt Issued	-	-	96.14	-	-
Long-Term Debt Issued	-	152.84	-	-	-
Total Debt Issued	-	152.84	96.14	-	-
Short-Term Debt Repaid	-	-	-96.14	-	-
Long-Term Debt Repaid	-3.61	-158.02	-8.74	-5.49	-1.09
Total Debt Repaid	-3.61	-158.02	-104.89	-5.49	-1.09
Net Debt Issued (Repaid)	-3.61	-5.18	-8.74	-5.49	-1.09
Issuance of Common Stock	10.38	-	-	-	1,246
Repurchase of Common Stock	-	-	-32.65	-2.45	-
Common Dividends Paid	-46.18	-20.75	-0.38	-39.47	-
Other Financing Activities	-	-	3.23	3.09	-
Financing Cash Flow	-39.41	-25.93	-38.54	-44.33	1,244
Foreign Exchange Rate Adjustments	-4.8	2.53	0.62	1.65	-0.31
Net Cash Flow	42.23	-112.38	-103.53	-251.71	1,345
Free Cash Flow	-42.3	-182.81	-51.12	-190.97	151.29
Free Cash Flow Margin	-1.82%	-10.14%	-4.54%	-20.65%	13.72%
Free Cash Flow Per Share	-0.28	-1.23	-0.35	-1.29	1.22
Cash Income Tax Paid	-15.56	-12.51	2.62	-6.41	19.1
Levered Free Cash Flow	-282.91	-339.54	-40.59	-249.26	18.88
Unlevered Free Cash Flow	-282.62	-338.88	-40.07	-249.02	18.92
Change in Working Capital	-254.72	-244.06	-72.44	-274.34	-129.22

Source: S&P Global Market Intelligence. Standard template. Financial Sources.